$8 Million Bought Deal Private PlacementNews Release for WI-LAN INC (WIN-C) Wi-LAN Inc. Announces $8 Million Bought Deal Private Placement CALGARY, ALBERTA--(CCNMatthews - May 29, 2006) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED OR INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES Wi-LAN Inc. ("Wi-LAN" or the "Corporation") is pleased to announce that it has entered into a financing agreement with a syndicate of underwriters co-led by Wellington West Capital Markets Inc. and Paradigm Capital Inc., pursuant to which the underwriters have agreed to purchase 9,091,000 special warrants ("Special Warrants") of the Corporation on a bought deal private placement basis, at a price of $0.88 per Special Warrant for gross proceeds of approximately $8 million. Each Special Warrant shall be exercisable for one common share of the Corporation at no additional cost. The Corporation has agreed to use its best efforts to obtain a receipt for a short form prospectus qualifying the common shares issuable pursuant to the exercise of the Special Warrants. The offering is scheduled to close on or about June 20th, 2006 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. All trademarks and brands mentioned in this release are the property of their respective owners. About Wi-LAN Inc. Wi-LAN holds key patents in the areas of WiFi, CDMA2000, WCDMA and WiMAX. Wi-LAN has licensed its technology to many companies. Wi-LAN is a charter member of the WiMAX Forum (
www.wimaxforum.org).